Published on 06 June 2022

Glen Eira City Council has partnered with Better Building Finance to enable environmental finance to be offered to local businesses in the municipality.

Glen Eira City Council has partnered with Better Building Finance to enable environmental finance to be offered to local businesses in the municipality.

Environmental Upgrade Finance is a government-enabled program which encourages business owners to upgrade existing buildings to be more environmentally friendly, improve their overall sustainability and address climate change issues.

Local business owners can take out a long-term loan for the works, which is then repaid through Council’s rates system. Council’s involvement means businesses can access favourable and affordable finance terms.

Examples of works that can be undertaken include installation of solar panels, electric vehicle charging stations, water efficiency initiatives, replacing lighting and more.

The program will enable businesses in Glen Eira to make sustainable building upgrades, supporting Council’s target of net zero community emissions by 2030 reflected in Our Climate Emergency Response Strategy 2021–2025 | Dhumbali Wurrungi-biik Parbin-ata.

Glen Eira City Council joins many existing Council partners in Victoria after the program received support from the Australian Renewable Energy Agency (ARENA) to grow this form of finance in 2019.

For more information and eligibility criteria visit our Sustainable business funding page.


 

Media Release

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